Ultra Petroleum Corp. Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2016

 Published On: Jun, 2017 |    No of Pages: 88 |  Published By: GlobalData | Format: PDF
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Summary

Ultra Petroleum Corp. (Ultra) is an independent upstream company which develops, produces, operates, explores, and acquires oil and natural gas properties. It develops its long-life natural gas reserves in the Green River Basin of Wyoming, the Pinedale and Jonah fields, and Appalachian Basin of Pennsylvania; and oil reserves in the Uinta Basin in Utah. Through gathering and processing agreements with various midstream service providers, the company also provides midstream services. Ultra sells natural gas to a diverse group of third-party and non-affiliated entities. It markets condensate to refiners in the Salt Lake City; and through short-term or long-term contracts with refiners in the Salt Lake City, the company markets Black Wax Crude medium grade of crude oil. Ultra is headquartered in Houston, Texas, the US.

Ultra Petroleum Corp. Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Scope

The report provides in-depth analysis and insights into companies' capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company's oil and gas reserves and production information by country. It further consists of in-depth information on the company's expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company's share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors' financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry's players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Ultra Petroleum Corp., Valuation and Financial Data 8
Ultra Petroleum Corp., Share Price Performance 8
Share Price Performance, Q4, 2015-Q4, 2016 8
Ultra Petroleum Corp., Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Ultra Petroleum Corp., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q4, 2015-Q4, 2016 10
Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2015-Q4, 2016 11
Ultra Petroleum Corp., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Ultra Petroleum Corp., Quarterly Production Trends 13
Ultra Petroleum Corp., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q4, 2015-Q4, 2016 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 14
Ultra Petroleum Corp., Crude Oil Production 15
Total Crude Oil Production Trend, Q4, 2015-Q4, 2016 15
Crude Oil Production, By Country/Region, Q4, 2015-Q4, 2016 16
Ultra Petroleum Corp., Natural Gas Production 17
Total Natural Gas Production Trend, Q4, 2015-Q4, 2016 17
Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 18
Ultra Petroleum Corp., Valuation and Financial Data, 2012-2016 19
Ultra Petroleum Corp., Share Price Performance, 2012-2016 19
Share Price Performance, 2012-2016 19
Key Valuation Metrics, 2012-2016 20
Ultra Petroleum Corp., Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 23
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 26
Crude Oil Production and Reserves By Country/Region, 2012-2016 27
Crude Oil/Liquids Reserve Changes, 2012-2016 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2012-2016 30
Natural Gas Production and Reserves, By Country/Region, 2012-2016 31
Natural Gas Reserve Changes, 2012-2016 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 35
Ultra Petroleum Corp., E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2012-2016 37
Acquisition Costs By Country/Region, 2012-2016 38
Exploration and Development Costs, By Country/Region, 2012-2016 39
Oil and Gas Cost Per boe, US$/boe 41
Oil and Gas Cost Per boe, US$/boe, 2012-2016 41
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 43
Ultra Petroleum Corp., Reserve Replacement Ratio 45
Oil and Gas Production Replacement Ratio 45
Oil and Gas Production Replacement Ratio, 2012-2016 45
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 48
Ultra Petroleum Corp., Results of Oil & Gas Operations Trend 50
Oil and Gas Revenue and Expenses 50
Oil and Gas Revenue and Expenses, 2012-2016 50
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 52
Oil and Gas Revenue and Expenses, Per boe 57
Oil and Gas Revenue and Expenses, By boe, 2012-2016 57
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 58
Oil and Gas Performance Metrics 62
Ultra Petroleum Corp., Land Holdings and Well Data 63
Developed and Undeveloped Acreage 63
Gross and Net Developed and Undeveloped Acreage, 2012-2016 63
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 64
Well Statistics 67
Producible Oil and Gas Well, 2012-2016 67
Producible Oil and Gas Well, By Country/Region, 2012-2016 68
Exploration and Development Wells Drilled, 2012-2016 73
Recent Developments 75
Ultra Petroleum Corp. - Recent Developments 75
May 03, 2017: Ultra Petroleum Announces First Quarter 2017 Financial And Operating Results 75
Apr 12, 2017: CorEnergy Announces Update To Tenant Status 77
Apr 12, 2017: Ultra Petroleum Successfully Emerges From In-Court Restructuring 77
Apr 03, 2017: Ultra Petroleum Announces Increase Of Company's Senior Secured First Lien RBL Term Loan 79
Mar 23, 2017: Ultra Petroleum Announces Hedging Transactions 79
Mar 15, 2017: Ultra Petroleum Announces 2017 Capital Investment Program And Financial And Operational Guidance 79
Feb 23, 2017: Ultra Petroleum Announces New Gas Processing Contracts 80
Feb 23, 2017: Enterprise Products Partners signs natural gas processing agreements 81
Feb 22, 2017: Ultra Petroleum Announces 2016 Financial And Operating Results 81
Nov 11, 2016: CorEnergy Announces Assumption Of Pinedale LGS Lease By Ultra Petroleum 84
Appendix 85
Methodology 85
Coverage 85
Secondary Research 85
Primary Research 86
Data Information Sources 86
Company Source 86
SEC/Other Regulatory Filings 86
Other Sources 86
Expert Panel Validation 86
Data Definition 86
Oil and Gas Reserves 86
Units of Measure 87
About GlobalData 88
Disclosure 88
Disclaimer 88

List of Tables
Table 1: Ultra Petroleum Corp., Key Facts 7
Table 2: Ultra Petroleum Corp., Share Price Performance, Q4, 2015-Q4, 2016 8
Table 3: Ultra Petroleum Corp., Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Table 4: Ultra Petroleum Corp., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Table 5: Ultra Petroleum Corp., Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2015-Q4, 2016 11
Table 6: Ultra Petroleum Corp., Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Table 7: Ultra Petroleum Corp., Total Crude Oil and Natural Gas, Production, Q4, 2015-Q4, 2016 13
Table 8: Ultra Petroleum Corp., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 14
Table 9: Ultra Petroleum Corp., Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 15
Table 10: Ultra Petroleum Corp., Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 16
Table 11: Ultra Petroleum Corp., Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 17
Table 12: Ultra Petroleum Corp., Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 18
Table 13: Ultra Petroleum Corp., Share Price Performance, 2012-2016 19
Table 14: Ultra Petroleum Corp., Key Valuation Metrics, 2012-2016 20
Table 15: Ultra Petroleum Corp., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Table 16: Ultra Petroleum Corp., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 24
Table 17: Ultra Petroleum Corp., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 25
Table 18: Ultra Petroleum Corp., Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Table 19: Ultra Petroleum Corp., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 28
Table 20: Ultra Petroleum Corp., Crude Oil Reserve Changes, mmbbl, 2012-2016 29
Table 21: Ultra Petroleum Corp., Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Table 22: Ultra Petroleum Corp., Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 32
Table 23: Ultra Petroleum Corp., Natural Gas Reserve Changes, bcf, 2012-2016 33
Table 24: Ultra Petroleum Corp., Oil and Gas Reserves Life Index, Years, 2012-2016 34
Table 25: Ultra Petroleum Corp., Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 36
Table 26: Ultra Petroleum Corp., Upstream Capital Expenditure, US$ mil, 2012-2016 37
Table 27: Ultra Petroleum Corp., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 38
Table 28: Ultra Petroleum Corp., Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 40
Table 29: Ultra Petroleum Corp., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 42
Table 30: Ultra Petroleum Corp., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 44
Table 31: Ultra Petroleum Corp., Oil and Gas Production Replacement Ratio, %, 2012-2016 46
Table 32: Ultra Petroleum Corp., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 49
Table 33: Ultra Petroleum Corp., Revenue and Expenses, US$ mil, 2012-2016 51
Table 34: Ultra Petroleum Corp., Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 56
Table 35: Ultra Petroleum Corp., Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 57
Table 36: Ultra Petroleum Corp., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 61
Table 37: Ultra Petroleum Corp., Oil and Gas Performance Metrics, 2012-2016 62
Table 38: Ultra Petroleum Corp., Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 63
Table 39: Ultra Petroleum Corp., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 66
Table 40: Ultra Petroleum Corp., Producible Oil and Gas Wells, 2012-2016 67
Table 41: Ultra Petroleum Corp., Producible Oil and Gas Wells, By Country/Region, 2012-2016 72
Table 42: Ultra Petroleum Corp., Exploratory and Developed Wells, 2012-2016 74

List of Figures
Figure 1: Ultra Petroleum Corp., Share Price Performance, USD/Share, Q4, 2015-Q4, 2016 8
Figure 2: Ultra Petroleum Corp., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2015-Q4, 2016 9
Figure 3: Ultra Petroleum Corp., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Figure 4: Ultra Petroleum Corp., Upstream Capital Expenditure, US$ mil, Q4, 2015-Q4, 2016 12
Figure 5: Ultra Petroleum Corp., Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2015-Q4, 2016 13
Figure 6: Ultra Petroleum Corp., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 14
Figure 7: Ultra Petroleum Corp., Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 15
Figure 8: Ultra Petroleum Corp., Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 16
Figure 9: Ultra Petroleum Corp., Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 17
Figure 10: Ultra Petroleum Corp., Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 18
Figure 11: Ultra Petroleum Corp., Share Price Performance, USD/Share, 2012-2016 19
Figure 12: Ultra Petroleum Corp., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 20
Figure 13: Ultra Petroleum Corp., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 21
Figure 14: Ultra Petroleum Corp., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 23
Figure 15: Ultra Petroleum Corp., Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 23
Figure 16: Ultra Petroleum Corp., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 25
Figure 17: Ultra Petroleum Corp., Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Figure 18: Ultra Petroleum Corp., Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 27
Figure 19: Ultra Petroleum Corp., Oil Production, By Country/Region, mmbbl, 2012-2016 27
Figure 20: Ultra Petroleum Corp., Crude Oil Reserve Changes, mmbbl, 2016 29
Figure 21: Ultra Petroleum Corp., Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Figure 22: Ultra Petroleum Corp., Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 31
Figure 23: Ultra Petroleum Corp., Gas Production, By Country/Region, bcf, 2012-2016 31
Figure 24: Ultra Petroleum Corp., Natural Gas Reserve Changes, bcf, 2016 33
Figure 25: Ultra Petroleum Corp., Oil and Gas Reserves Life Index, Years, 2012-2016 34
Figure 26: Ultra Petroleum Corp., Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 35
Figure 27: Ultra Petroleum Corp., Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 35
Figure 28: Ultra Petroleum Corp., Oil Reserve Life Index, By Country/Region, Ratio, 2012-2016 36
Figure 29: Ultra Petroleum Corp., Upstream Capital Expenditure, US$ mil, 2012-2016 37
Figure 30: Ultra Petroleum Corp., Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 38
Figure 31: Ultra Petroleum Corp., Development Costs, By Country/Region, US$ mil, 2012-2016 39
Figure 32: Ultra Petroleum Corp., Exploration Costs, By Country/Region, US$ mil, 2012-2016 39
Figure 33: Ultra Petroleum Corp., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 41
Figure 34: Ultra Petroleum Corp., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 43
Figure 35: Ultra Petroleum Corp., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 43
Figure 36: Ultra Petroleum Corp., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 45
Figure 37: Ultra Petroleum Corp., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 48
Figure 38: Ultra Petroleum Corp., Revenue and Expenses, US$ mil, 2012-2016 50
Figure 39: Ultra Petroleum Corp., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 52
Figure 40: Ultra Petroleum Corp., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 52
Figure 41: Ultra Petroleum Corp., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 53
Figure 42: Ultra Petroleum Corp., Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 53
Figure 43: Ultra Petroleum Corp., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 54
Figure 44: Ultra Petroleum Corp., Production Costs, By Country/Region, US$ mil, 2012-2016 54
Figure 45: Ultra Petroleum Corp., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 55
Figure 46: Ultra Petroleum Corp., Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 57
Figure 47: Ultra Petroleum Corp., Lifting Cost per boe, By Country/Region, US$/boe, 2012-2016 58
Figure 48: Ultra Petroleum Corp., Annual Net Income per boe, By Country/Region, US$/boe, 2012-2016 58
Figure 49: Ultra Petroleum Corp., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2012-2016 59
Figure 50: Ultra Petroleum Corp., Total DD&A per boe, By Country/Region, US$/boe, 2012-2016 59
Figure 51: Ultra Petroleum Corp., Total Revenue per boe, By Country/Region, US$/boe, 2012-2016 60
Figure 52: Ultra Petroleum Corp., Oil and Gas Performance Metrics, 2012-2016 62
Figure 53: Ultra Petroleum Corp., Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 63
Figure 54: Ultra Petroleum Corp., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 64
Figure 55: Ultra Petroleum Corp., Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 64
Figure 56: Ultra Petroleum Corp., Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 65
Figure 57: Ultra Petroleum Corp., Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 65
Figure 58: Ultra Petroleum Corp., Producible Oil and Gas Wells, 2012-2016 67
Figure 59: Ultra Petroleum Corp., Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 68
Figure 60: Ultra Petroleum Corp., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 68
Figure 61: Ultra Petroleum Corp., Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 69
Figure 62: Ultra Petroleum Corp., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 69
Figure 63: Ultra Petroleum Corp., Net Productive Gas Wells, By Country/Region, Number, 2012-2016 70
Figure 64: Ultra Petroleum Corp., Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 70
Figure 65: Ultra Petroleum Corp., Net Productive Oil Wells, By Country/Region, Number, 2012-2016 71
Figure 66: Ultra Petroleum Corp., Exploratory and Developed Wells, 2012-2016 73


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